Canada unhappy with latest US offer to lower tariffs, CBC reports
Canadian negotiators are consulting industry on a deal that could lower U.S. auto levies to 10% to 15%, sources said.
- Canadian officials are weighing a United States proposal to reduce Section 232 auto tariffs for USMCA-compliant vehicles while excluding American content from tariff calculations, according to industry sources.
- Negotiations are racing toward an August 19 deadline, when President Trump threatened to impose 50 per cent tariffs on US$20 billion of Canadian exports under the Smoot-Hawley Tariff Act of 1930.
- A Canadian American Business Council report by Oxford Economics notes that auto components cross the border up to eight times, explaining why the industry could survive a 10 to 15 per cent tariff if American content were excluded.
- Canada's chief negotiator Janice Charette has been trading written proposals with Trade Representative Jamieson Greer at the White House offices in Washington as both sides seek a short-term arrangement to delay new tariffs.
- Skepticism remains whether complex issues can be resolved by August 19, as one Canadian official warned that if no deal is reached, Canada would be forced to retaliate and halt trade talks.
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36 Articles
Canadian officials are considering accepting US tariffs on car exports in exchange for Washington reducing taxes on T-MEC-compliant vehicles, while both countries are seeking a broader trade agreement, The Globe and Mail reported, citing sources familiar with the negotiations. The publication indicated that according to the proposal, Canada would tolerate a lower level of U.S. auto tariffs without reprisals, while the value of U.S.-made componen…
Canada, U.S. not yet ready to make tariff deal, Canada unsatisfied with latest U.S. offer: sources
As the clock ticks toward U.S. President Donald Trump's latest tariff deadline, Canada and the U.S. aren't at a point where a tariff deal can be reached — and Canadian officials are not satisfied with the latest U.S. offer, according to two sources with knowledge of the trade talks.
Canadian negotiators reportedly refused the most recent U.S. offer on the tariff file, according to CBC News sources.
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- 59% of the sources lean Left
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